Home Staff

Majority of U.K. DB pension plan sponsors favour annuity buyout as long-term strategy: survey

More than half of U.K. defined benefit pension plan sponsors say they’d consider ways of securing benefits for their members beyond insurance-based solutions, according to a new survey by Aon. The survey, conducted during a recent webinar among 330 pension plan sponsors and trustees, asked which long-term strategy options they’d consider for their DB plan. Nearly two-thirds […]

  • August 15, 2023 August 14, 2023
  • 10:00

Community Support Centre, Unifor agreement includes group RRSP, benefits gains

The union representing employees at Community Support Centre-Northwest in Dryden, Ont. has ratified a three-year agreement that includes retirement savings and benefits gains. The agreement includes a new group registered retirement savings plan with a 100 per cent employer match when employees contribute up to four per cent to the plan. It also includes four […]

  • August 15, 2023 August 15, 2023
  • 09:00

CPPIB returns -0.8% in Q1 2024, with fixed income assets down due to higher interest rates

The Canada Pension Plan Investment Board returned negative 0.8 per cent during the first quarter of fiscal 2024, according to its latest quarterly report. By June 30, 2023, the investment organization’s net assets reached $575 billion, compared to $570 billion at the end of fiscal 2023. The report noted a net loss of $5 billion […]

  • August 14, 2023 August 11, 2023
  • 09:00

41% of Canadian employees plan to change jobs by the end of 2023: survey

Two-fifths (41 per cent) of Canadian employees say they’re either already looking or plan to look for a new job before the end of the year, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 workers, found generation Z employees (64 per cent) were most likely to […]

  • August 11, 2023 August 11, 2023
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on how Yellow Corp.’s bankruptcy will impact Canadian workers’ pensions was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Yellow bankruptcy will have little impact on Canadian workers’ pensions: union 2. FSRA appoints Andrew Fung as EVP of pensions 3. Wildfires crystallizing threats of catastrophic […]

  • August 11, 2023 August 10, 2023
  • 09:00

Zoom asking some employees to return to office twice per week

Zoom Video Communications Inc. is asking employees to return to the office. The software company that has become synonymous with remote working is requesting that workers who live within a 50-mile radius of a company office work onsite two days a week beginning this month, according to a report by the Associated Press.  Read: Google, […]

  • August 11, 2023 August 10, 2023
  • 09:00

Canadian DB pension plans return 1.19% in second quarter of 2023: report

Canadian defined benefit pension plans generated a median return of 1.19 per cent in the second quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $300.1 billion worth of investment assets in Canadian DB plans, found the one-year median return at June 30, 2023 was 10.05 per cent, while the […]

  • August 10, 2023 August 9, 2023
  • 11:30

CAPSA’s draft CAP guideline alters industry standards, say ACPM, CLHIA, PIAC

The Association of Canadian Pension Management, the Canadian Life and Health Insurance Association and the Pension Investment Association of Canada say the Canadian Association of Pension Supervisory Authorities’ draft guideline for capital accumulation plans significantly alters the expectations and industry standards for CAPs. In an open letter, the organizations requested the CAPSA reconvene its industry working […]

  • August 10, 2023 August 9, 2023
  • 09:00

FSRA appoints Andrew Fung as acting EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as acting executive vice-president of pensions. Fung joined the provincial regulator in 2018 as chief actuary of pensions. In 2019, he was appointed the organization’s head of relationship management and prudential supervision (pensions). Read more People Watch news. Prior to joining the FSRA, Fung […]

  • August 8, 2023 March 20, 2024
  • 09:00

Survey finds Canadian employees who volunteer have better mental health

Nearly two-thirds (61 per cent) of Canadian employees say they volunteered their time or finances in the last two years, reporting an above-average mental-health score (65.6, compared to the national average of 64.6), according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 workers, found the lowest average mental-health score (50.2) […]

  • August 4, 2023 August 4, 2023
  • 15:00